NTPC May Acquire 50% stake in Meja Urja Nigam from Uttar Pradesh Rajya Vidyut Utpadan Nigam

Published: Aug 08 2017
Deal Summary

NTPC Limited, a power generation company, intends to acquire the remaining 50% stake in Meja Urja Nigam Pvt Limited, a company which owns coal-based thermal power plant located in Meja Tehsil in Allahabad Uttar Pradesh, India, from Uttar Pradesh Rajya Vidyut Utpadan Nigam Ltd., as reported by sources, citing people familiar with the matter. The total installed capacity of the project will be approximately 1,320 MW, comprising two units with 660 MW each.

Meja Urja Nigam Pvt Limited was formed as 50/50 joint venture between NTPC and Uttar Pradesh Rajya Vidyut Utpadan Nigam Pvt Limited.

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